e.l.f. Beauty’s (ELF) Buy Rating Reiterated at DA Davidson

DA Davidson reiterated their buy rating on shares of e.l.f. Beauty (NYSE:ELF) in a research report report published on Thursday morning,Benzinga reports. DA Davidson currently has a $170.00 price target on the stock.

A number of other research firms have also recently issued reports on ELF. Deutsche Bank Aktiengesellschaft began coverage on shares of e.l.f. Beauty in a report on Thursday, December 12th. They set a “hold” rating and a $133.00 price target for the company. Canaccord Genuity Group dropped their price target on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. TD Cowen reduced their price objective on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Bank of America dropped their target price on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Finally, The Goldman Sachs Group assumed coverage on shares of e.l.f. Beauty in a research report on Friday, December 13th. They issued a “buy” rating and a $165.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $171.82.

e.l.f. Beauty Stock Performance

ELF opened at $128.66 on Thursday. The stock has a 50-day moving average of $121.61 and a 200-day moving average of $146.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. e.l.f. Beauty has a 52-week low of $98.50 and a 52-week high of $221.83. The company has a market cap of $7.25 billion, a PE ratio of 69.55, a price-to-earnings-growth ratio of 3.03 and a beta of 1.49.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.43 by $0.34. The company had revenue of $301.10 million for the quarter, compared to the consensus estimate of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The company’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.66 earnings per share. As a group, equities research analysts forecast that e.l.f. Beauty will post 2.8 earnings per share for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the transaction, the director now directly owns 1,888 shares of the company’s stock, valued at $245,440. The trade was a 29.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Scott Milsten sold 530 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the sale, the insider now directly owns 68,853 shares in the company, valued at approximately $9,474,172.80. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,205 shares of company stock valued at $297,442. 3.50% of the stock is owned by insiders.

Hedge Funds Weigh In On e.l.f. Beauty

Large investors have recently modified their holdings of the stock. Logan Capital Management Inc. raised its position in e.l.f. Beauty by 6.4% in the 3rd quarter. Logan Capital Management Inc. now owns 42,923 shares of the company’s stock worth $4,680,000 after purchasing an additional 2,565 shares during the last quarter. Retirement Systems of Alabama raised its position in shares of e.l.f. Beauty by 83.6% during the third quarter. Retirement Systems of Alabama now owns 143,758 shares of the company’s stock worth $15,674,000 after acquiring an additional 65,448 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of e.l.f. Beauty during the third quarter valued at $1,160,000. Wilmington Savings Fund Society FSB bought a new position in e.l.f. Beauty in the third quarter valued at about $25,000. Finally, Sanctuary Advisors LLC increased its position in e.l.f. Beauty by 33.5% in the third quarter. Sanctuary Advisors LLC now owns 6,981 shares of the company’s stock worth $761,000 after purchasing an additional 1,753 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.